First-time buyer loans include special mortgage programs created to help new homebuyers qualify with lower down payments, flexible credit guidelines, and helpful financing options.
These programs are ideal if you’re purchasing your first home or haven’t owned a home in recent years.
Perfect for buyers purchasing their first home and looking for guided support.
Designed for borrowers who want affordable down-payment options and manageable monthly payments.
Many first-time buyer programs allow down payments as low as 3%.
Easier credit and income requirements compared to some traditional loans.
Typically for buyers who have not owned a home in the last three years.
Stable income, reasonable debt-to-income ratio, and acceptable credit history are required.
Most programs are for first-time buyers, but some allow repeat buyers after a certain period.
Yes, many first-time buyer programs can be paired with FHA or conventional loans.
Some programs require a short homebuyer education course.
